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Tax Credit, what it is and what it provides
Hotels, farm stays, and accommodation facilities can finance expenses for building renovation works
The Tax Credit, that is the tax credit for hotel renovations (a credit towards the State), was introduced with article 10 of Decree Law 83/2014 and was implemented by the MIBACT decree of May 7, 2015. The 2017 budget law extended this measure for the years 2017 and 2018 as well, designed for all accommodation businesses, attributable to the category of hotel structures and agritourisms, active as of January 1, 2012.
Specifically, as explained by the Ministry of Tourism tutorial:
- hotels;
- hotel villages;
- tourist-hotel residences;
- scattered hotels;
- farm stays (for farm stays, the application of the tax credit applies only to activities that fall within the scope of Regulation (EU) No. 1407/2013 of the European Commission of 18 December 2013, with the necessary guarantee that activities excluded from the application of said regulation do not benefit from the "de minimis" aid granted);
- facilities identified as such by specific regional regulations.
What does the benefit consist of?
The measure consists of a tax credit equal to 65% of the expenses incurred during the fiscal year, with a maximum contribution limit of 200,000 euros. The benefit is alternative and not cumulative with other tax and contribution incentives, and its use is divided into three annual installments of equal amount, which can only be used for offsetting through the F24 form.
Available resources
The State makes available 60 million euros for the year 2018, 120 million euros in 2019, and 60 million in 2020, in any case until the available resources for each of the aforementioned years are exhausted.
What does it fund?
Expenses related to building renovation works or interventions to remove architectural barriers incurred by hotel businesses, facilities engaged in agritourism activities, and facilities providing spa treatments.
Specifically, the following are eligible for the tax credit:
- Interventions to eliminate architectural barriers, that is, aimed at removing physical obstacles that cause discomfort for the mobility of anyone and in particular of those who, for any reason, have reduced or impaired mobility either permanently or temporarily: obstacles that limit or prevent anyone from comfortably and safely using spaces, equipment, or components; the lack of measures and signals that allow orientation and recognition of places and sources of danger for anyone and in particular for the blind, visually impaired, and deaf; the design and creation of products, environments, programs, and services usable by all people, to the greatest extent possible, without the need for adaptations or specialized designs; interventions aimed at eliminating sensory and communication barriers.
- Purchase of furniture and furnishings intended exclusively for accommodation facilities: fixed furniture, such as, among others, fixed bathroom furnishings, walls and shower cabins, kitchens, paneling, movable interior walls, lighting fixtures; the renovation or replacement of kitchens or professional catering equipment, such as, among others, various cooking appliances, ovens, refrigerator and freezer cabinets, dynamic preparation machines, static preparation elements, dishwashing machines, laundry machines, blast chillers, ice makers, with others having improved characteristics compared to existing ones in terms of safety, energy efficiency, performance; indoor and outdoor furniture and accessories, such as, among others, tables, desks, upholstered and non-upholstered seats, other upholstered items, storage furniture, beds and mattresses, gazebos, pergolas, umbrellas, awnings, mosquito nets; for safety flooring, furniture and equipment for conferences, playground equipment and related sports equipment; furniture and equipment for the creation of wellness centers located within accommodation facilities.
- The works and modifications necessary to renovate and replace even structural parts of buildings.
- The works and modifications necessary to create and integrate sanitary and technological services, provided that they do not alter the overall volume of the buildings and do not involve changes in use.
- Interventions consisting of the splitting or merging of real estate units with the execution of works, even if involving the variation of the surfaces of the individual real estate units as well as the urban load, provided that the overall volume of the buildings is not changed and the original intended use is maintained.
- Restoration and conservative rehabilitation interventions: consolidation, restoration, and renewal of the building's constituent elements; insertion of accessories and systems required by usage needs; elimination of elements extraneous to the building structure.
- Building renovation interventions aimed at transforming building structures: restoration or replacement of some constituent elements of the building, elimination, modification, and insertion of new elements and systems, demolition and reconstruction with the same volume as the pre-existing one, except for the only innovations necessary for compliance with anti-seismic regulations as well as those aimed at restoring buildings, or parts thereof, that may have collapsed or been demolished, through their reconstruction, provided that it is possible to ascertain their pre-existing consistency.
- Interventions to increase energy efficiency: energy requalification; on the building envelope, concerning vertical and horizontal opaque structures (walls, roofs, and floors), delimiting the heated volume towards the outside and towards unheated rooms, which comply with the thermal transmittance requirements defined by the decree of the Minister of Economic Development of 16 February 2016; interventions for the replacement, total or partial, of air conditioning systems with systems equipped with condensing boilers and simultaneous adjustment of the distribution system; systems equipped with high-efficiency heat pumps or low-enthalpy geothermal systems and simultaneous adjustment and balancing of the distribution system; high-efficiency cogeneration or regeneration systems and simultaneous adjustment and balancing of the distribution system.
- Interventions referred to in Article 16-bis of the Presidential Decree of 22 December 1986, no. 917, containing the Consolidated Law on Income Taxes, relating to the adoption of anti-seismic measures, with particular regard to the execution of works for static safety, especially on structural parts, for the preparation of the mandatory documentation to prove static safety, as well as for the implementation of the interventions necessary for the issuance of the aforementioned documentation.
How is the credit used?
To obtain the tax credit, it is not enough to request it from the Ministry, but it must be indicated in the tax return for the tax period for which it is granted. The tax credit can only be used for offsetting through the submission of form F24 - Tax code 6850 - to be sent electronically to the Revenue Agency according to the procedures established by the same, otherwise the payment operation will be rejected. The amount of the tax credit used for offsetting must not exceed the amount granted by the Ministry, otherwise the payment operation will be rejected.
How is the benefit obtained?
The application must be submitted electronically, together with proof of actual expenses incurred, through the Proceedings Portal https://procedimenti.beniculturali.gov.it
The legal representative of the company must first register on the Proceedings Portal, following the simplified procedure available for the Tax Credit. Then, they must log into the Proceedings Portal with the access code received to reach the main menu and activate a procedure related to the Tax Credit for Redevelopment and fill out the application with the related certification of the actual expenses incurred. Furthermore, they must download, in non-editable pdf format, the application and the certification of the actual expenses incurred, digitally sign the application, and obtain, from the authorized person, the digital signature on the certification of the actual expenses incurred. Finally, they must upload to the Proceedings Portal the application and the certification of the actual expenses incurred, each digitally signed by the legal representative and the person authorized to certify the expenses, respectively.
Click day
The legal representative of the company can: access the Proceedings Portal, using an access code, and complete the procedure by submitting the application electronically and certifying the actual expenses incurred, already finalized by the digital signature.
When to submit the application for expenses incurred in 2018:
Period for submitting the application on the Procedures Portal: from 14/01/2019 at 10:00 to 11/02/2019 at 16:00
Click day: from 18/02/2019 at 10:00 to 19/02/2019 at 16:00
When contributions are granted
The granting of contributions takes place according to the chronological order of submission and the ranking list is published within 60 days from the application deadline.
For more information
http://www.turismo.beniculturali.it/news/avviso-tax-credit-riqualificazione/
With the #tax credit #hotel, #agriturismo #spas and #strutturericettive can finance expenses for #renovation work, including the purchase of #fixed furnishings for #bathroom, or for the removal of #architecturalbarriers. The measure consists of a #taxcredit on #tax equal to 65% of the expenses incurred during the year, with a maximum contribution limit of 200,000 euros.
Read the article --->https://www.pontegiulio.com/…/tax-credit-cosa-e-cosa-preved…
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